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| Name | Symbol | Market | Type |
|---|---|---|---|
| Sandvik AB (PK) | USOTC:SDVKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.09 | 0.45% | 20.19 | 20.10 | 20.25 | 20.24 | 20.11 | 20.126 | 88,676 | 21:00:24 |
From Jul 2019 to Jul 2024
STOCKHOLM--The board of Swedish industrial group Sandvik AB (SAND.SK) has blocked the sale of the company's Materials Technology unit, or SMT, reports Swedish Daily Dagens Industri Tuesday.
Sandvik's Chief Executive Olof Faxander said a year ago, as he presented a new company strategy, that the SMT business area needed to increase its profitability within two to three years or be sold off, the paper said.
But his patience seems to have worn thin and a source is cited in the paper as saying Mr. Faxander contacted an investment bank regarding the sale of SMT already earlier this year.
The sale probe was, however, halted by the company's board before the process even began. It isn't clear which board members opposed the sale, the paper said.
Newspaper website: www.di.se
Write to Christina Zander at christina.zander@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Sandvik AB (PK) Chart |
1 Month Sandvik AB (PK) Chart |
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